Digital Economy: Promise and Peril in the Age of Networked Intelligence: Amazon.co.uk: Don Tapscott: Books

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Product Description

This work reveals how the new technology and business strategies have transformed not only business processes, but also the way products and services are created and marketed, the structure and goals of the enterprise, the dynamics of competition, and all the rules for business success.

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Praise for The Digital Economy:

"The new economy is all about competing for the future. . .the ability to transform businesses into new entities that yesterday couldn't be imagined and that the day after tomorrow may be obsolete. If thoughts like that scare you, then The Digital Economy should be on your 'must read' listThe Wall Street Journal

"Cyberguru to numerous Fortune 500 companies, Tapscott has packed his book with stories about businesses that succeeded and others that failedin getting wired. The Digital Economy will be big among information technocrats, but the book is cogent enough to deserve a larger audience"Wired Magazine

"With the publication of his earlier work on information technology, Don Tapscott established a reputation as one of the world's leading 'cyber-gurus'. His new book will provide fresh insights into a field in which he has become an expert: the ways in which the Digital Revolution can change the way we live, learn, work, and communicate."former Vice President Al Gore

"For the business leader overwhelmed by the bombardment of disjointed facts, misinformation, and hype about the digital revolution, Don Tapscott's book is a godsendand it's fast-paced and interesting reading to boot."Dick Notebaert, Chairman Ameritech

"A fascinating and sobering look at our undeniably digital future. The book is a timely and incisive assessment of the digital revolution: how we got where we are today, where intelligent networks will take us in the future, and most importantly, why it matters."Gerald H. Taylor, President MCI Communications Corporation

"Tapscott makes the new virtual economy feel real. . .it's a pragmatic guide to the digital world of the future."Esther Dyson, Chair Electronic Frontier Foundation

"If you plan to be alive during the next decade and want to understand the world you'll be living in, you should definitely read this book. It will scare you and excite you. Best of all, it will teach you how to succeed in a dramatically different environment."Lewis F. Platt, Chairman, President, and Chief Executive Officer Hewlett-Packard Company

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First Sentence
When the Atlanta-based rock band R.E.M. went on tour in 1995, the first time the supergroup had played so extensively in five years, much of the promotional efforts was focused on the Internet. Read the first page

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4.1 out of 5 stars (21 customer reviews)

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2 of 2 people found the following review helpful:

5.0 out of 5 stars On why the world you are in is changing, 7 Jun 2007

By	BookMaven (London UK) - See all my reviews

I am a university lecturer (retired). This textbook has been seminal in my delivery of an Honours final year module at a modern British University. Students have uniformly said the text "opened their eyes" and helped them "make sense of the world they are in" and understand "the changes taking place around them". This book is a look, a great sweep of a look, at the digital vista in Don Tapscott's mind's eye.

Don Tapscott's 12 themes pick out the major changes in the Digital Economy. These are Knowledge, Digitisation, Virtualisation, Molecularisation, Integration/Internetworking, Disintermediation, Convergence, Innovation, Prosumption, Immediacy, Globalisation and Discordance. Yet 12 years on from the book's first publication date in 1995, these themes are ever new.

The convergence of computing, communication and content has created a new world. The digital computer communication system we call The Internet and the new industries, like Google, that publish and search the content therein - all are part of the world we are in. This is the world we are living in and we need to understand what is happening around us.

Over seven years I have used this book and cannot recommend it highly enough. It leads directly to a study of many dichotomies in the modern world. Examples are Proprietary Software v Open Source products, Copyright v Creative Commons, Predictable Behaviour v Intriguing Behaviour, Business Models based on physical assets v Business Models based on intangible assets, top down control v bottom up change - and so much more. Perhaps a dichotomy is lacking - one that looks at Conformity v Creativity. For without Creativity no new thing will come into being, and with too much Conformity we will create a sterile, bland and disenchanted world - a McWorld perhaps. Following Dee Hock, "chaordic phenomena" are here to stay.

In my view this book captures the essence of the changes we are seeing around us each day as the Digital Economy takes us in the knowledge era. In this era the ability to learn, to be creative and to collaborate are the keys to the innovative enterprise that will give rise to the new emerging industries we need.

Furthermore, we need these new kinds of industries to safe guard jobs and the nation states in the West. The book represents a challenge to all my ex-students on the Multimedia, Technology and Design degree: go create your future!

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2 of 2 people found the following review helpful:

5.0 out of 5 stars Insightful book about the digital revolution., 18 Feb 1999

By A Customer

I have never considered myself an information "technocrat", but I realize that technology, or more accurately, the effective use of technology is critical to success in business. Books written on technology usually intimidate me with technical details that might as well be written in a foreign language. So, when Don Tapscott's book, The Digital Economy, was recommended to me, I purchased the book thinking it would not hold my interest for more than two chapters. Instead, I was pleasantly surprised by a book that grabbed my attention and would not let go. With a balance of case studies, statistical information, and his own model of the new digital economy, Mr. Tapscott wrote a book that describes the opportunities and pitfalls of the new networked economy. For business leaders grappling with the globally networked economy, this book helps put it all in perspective.

As a sequel to his earlier bestseller, Paradigm Shift, Mr. Tapscott takes a strategic look at the technological advances society is making, focusing on how they change the way we interact, communicate, conduct business transactions, learn and play. Mr. Tapscott explains that we are on the brink of a revolution as networked intelligence, coupled with human intelligence, create new economic and societal possibilities. Like the agricultural and industrial age before it, the digital revolution will change the rules of business and the structures that support human interactions. Speed of innovation and flexibility on a grand scale will become critical to success in a digital economy. Product life cycles will be measured in weeks or days, and disintermediation will be a continuing trend that could lead to systemic unemployment. Through this revolutionary period, there will be a blurring of the line between producers and consumers. Tapscott coins the term "prosumers" to describe how we will interact with technology.

With the requirements for success changing, the current best business practices such as Total Quality Management (TQM) and Business Process Reengineering (BPR) will not be enough to ensure survival in the future. Theses efforts focus on improving current business processes rather than inventing new processes, markets, and products. Tapscott urges his readers to focus on ways to add value in a new and rapidly changing economy. Because the digital economy makes information inexpensive, Tapscott speaks of the movement from an economy based on mass production to an economy based on mass customization. Already, Levi's will "build" you a customized pair of jeans. Those who success in this new digital economy must be willing to challenge their own thinking, make their own products obsolete, and continuously look for ways to add value to those they serve.

Mr. Tapscott took great care to provide a balanced view of the networked revolution. As digital interchange allows people separated by great distances to share creative ideas, it also increases the risk of individuals becoming isolated. At the same time, we risk losing our privacy as personal information can be extracted from multiple sources. Tapscott speaks of the swift punishment corporations and individuals who do not "keep up with technology" can expect and of the societal risk we all encounter when we consider the possibility of a bipolar society based on technology "haves" and "have nots". Reminding us of our responsibility to each other and to society as a whole, Tapscott challenges us to make the most of the possibilities while remaining cognizant of all the risks.

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3.0 out of 5 stars Wish List, 5 Jun 1997

By A Customer

This review is from: Digital Economy: Promise and Peril in the Age of Networked Intelligence (Hardcover)

Don Tapscott's "The Digital Economy" is a wish list. In fact, it's everybody's wish list. Tapscott vision of the future is not too far from an episode of Star Trek. However, he failed to mention one major requirement for this Digital Economy to happen and that is the issue of bandwidth. For simple concepts such as video conferencing to happen in a practical sense, you'd need bandwidth. It may be practical in a local network for video conferencing to span across the globe, we're talking very fat pipes to carry to carry all that video information and I do not see that happening for awhile. Maybe in 10 years.

Generally, this book is oversimplified and by and large, a written reinforcement of current beliefs and thinking. ("The new economy is a knowledge economy" he writes. Anyone who does not already know that, raise your hand!) Tapscott's concepts and vision are idealistic, to say the least. Perhaps even naive. He does not address many issues that currently plague most developing countries such as infrastructure, bandwidth, politics, and the culture. It is almost like his idea of a global digital economy is the US digital economy with no concerns of whether other countries would want to participate in it.

Contrary to those who say that this book has very little techno-jargon, I beg to differ. There aren't many useful technical jargon but there are enough "technical" words in the book for those who are not Net-savvy to think that this is a technical book and heaven forbid, should they use this as a reference. (eg. HTML, "hotlinks.")

Take, for example, the "Highway Analogy Madness" (p.23) I find that grossly unnecessary. It is a list of unheard-of or hardly used terms. It's neither informative nor is it entertaining.

And my major gripe on his introduction of terms: Do we need another term to describe the Net. Just when you thought you've heard the last of the "Information Superhighway," Tapscott gives us a new one: I-Way (as in Information highway.)

Having said all that, this book should be good reading for those who want a swift kick from the reality of the future. It's written like a brochure. And like a brochure, don't believe everything you read.

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Most Recent Customer Reviews

5.0 out of 5 stars To understand how Digital Economy is transforming businesses
Even if the book was written in the mid 90 it still gives the bases to understand how Digital Economy is transforming our businesses and lives. Read more

Published on 4 Jul 2002 by Jean-Claude LE GAL

4.0 out of 5 stars Interesting Introduction to Ecommerce
I have some agreement with the text of the book, and I found his model of integration to be illuminating. Read more

Published on 15 Mar 1999

2.0 out of 5 stars nothing brilliant here at all
Really nothing more than some rather sophmoric musings about how the digital age will revolutionize life as we know it. Read more

Published on 22 Dec 1998

2.0 out of 5 stars Bland generalizations about technology's impact
I rushed out get this book after reading 'Being Digital' by Negroponte. Digital Economy makes references to Negroponte. Read more

Published on 18 Nov 1998

2.0 out of 5 stars Decent
Reading the first third of Don Tapscott's book "The Digital Economy" provides a good overview of the evolving computer revolution. Read more

Published on 19 April 1998

4.0 out of 5 stars Decided to start my own company after 1 reading.
You don't have to be a rocket scientist to know that this is where it is all at. We have a window onto the whole world if we choose to to get up and look through it. Read more

Published on 9 April 1998

5.0 out of 5 stars Great Case E*commerce Studies!!!
I'm going to be starting up some training classes in E*commerce soon, and I'm finding this book to be a wealth of great references, expecially with case studies of successful... Read more

Published on 4 April 1998

5.0 out of 5 stars Excellent insight into the future digital economy
The book provides a realistic insight into the incredible future that will become increasingly digital in nature. Read more

Published on 8 Jan 1998

5.0 out of 5 stars Must read for transformation team leaders.
Outstanding companion to books on Re engineering or Business Process Redesign. As a recent transformation team leader, one of our challenges was to understand the possibilities... Read more

Published on 7 Dec 1997

5.0 out of 5 stars This is a great book.
On re-reading The Digital Economy, I think it is still one of the most cogent and useful pieces about how the digital media is transforming business and society. Read more

Published on 14 Sep 1997

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Digital Economy: Promise and Peril in the Age of Networked Intelligence (Paperback)

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